VS Media Received Written Notification From Nasdaq Stock Market That It No Longer Complies With The Minimum Bid Price Requirement For Continued Listing On The Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
VS Media (VSME) has been notified by the Nasdaq Stock Market that it is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. This could lead to potential delisting if the issue is not resolved.
December 29, 2023 | 12:01 pm
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VS Media has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, which poses a risk of delisting.
Receiving a notice of non-compliance from Nasdaq is a significant negative event for a listed company. It indicates that the company's stock price has fallen below the required minimum bid price threshold. If VS Media cannot rectify this situation, it may face delisting from the Nasdaq Capital Market, which would likely negatively impact the stock's liquidity and investor perception.
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